If your self-esteem, self confidence, or self-worth seems tangled up in the tissue paper of your last pair of designer shoes or firmly tucked in the pocket of your latest handbag, chances are compulsive shopping, overspending, and even hoarding may be part of your everyday life. Getting a handle on the emotional deprivation that plagues you could be the key to healing the hole in your heart and the drain on your wallet. Nonjudgmental help from a family member or a money manager can help bring splurging to a halt. Also consider therapy, medication, or a twelve-step program to help you understand and replace your shopping compulsion with more productive activities and healthier perspectives.
Read the full article here: The Cure for Shopping Addict
Carrie Rattle is a Principal at BehavioralCents.com, a website for women focused on mind and money behaviors. She has worked in the financial services industry for 20+ years and hopes to inspire women to better prepare themselves for financial independence.